Public Employees Retirement System of Ohio boosted its position in Upland Software Inc (NASDAQ:UPLD) by 20.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 101,100 shares of the software maker’s stock after acquiring an additional 17,500 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Upland Software were worth $3,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Upland Software by 32.3% during the second quarter. BlackRock Inc. now owns 1,435,965 shares of the software maker’s stock valued at $65,378,000 after acquiring an additional 350,651 shares during the period. CDAM UK Ltd raised its position in shares of Upland Software by 26.2% during the third quarter. CDAM UK Ltd now owns 1,154,511 shares of the software maker’s stock valued at $40,246,000 after buying an additional 239,485 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Upland Software during the second quarter valued at about $52,510,000. Vanguard Group Inc. lifted its stake in shares of Upland Software by 24.5% in the second quarter. Vanguard Group Inc. now owns 1,086,580 shares of the software maker’s stock valued at $49,472,000 after buying an additional 214,011 shares during the period. Finally, Pembroke Management LTD lifted its stake in shares of Upland Software by 0.4% in the third quarter. Pembroke Management LTD now owns 558,774 shares of the software maker’s stock valued at $19,479,000 after buying an additional 2,374 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Shares of UPLD opened at $36.25 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.57. The stock has a market cap of $927.33 million, a PE ratio of 30.72, a PEG ratio of 1.08 and a beta of 0.61. Upland Software Inc has a 1 year low of $25.12 and a 1 year high of $54.87. The stock has a 50 day simple moving average of $37.72 and a 200-day simple moving average of $41.66.

Upland Software (NASDAQ:UPLD) last announced its quarterly earnings results on Thursday, November 7th. The software maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.20. Upland Software had a positive return on equity of 21.45% and a negative net margin of 11.31%. The business had revenue of $55.10 million for the quarter, compared to analyst estimates of $55.33 million. During the same quarter in the previous year, the firm earned $0.38 EPS. Upland Software’s quarterly revenue was up 48.5% on a year-over-year basis. On average, sell-side analysts forecast that Upland Software Inc will post 1.44 EPS for the current fiscal year.

In other Upland Software news, Director Stephen E. Courter sold 1,450 shares of Upland Software stock in a transaction on Friday, November 1st. The stock was sold at an average price of $34.42, for a total transaction of $49,909.00. Following the completion of the transaction, the director now directly owns 11,651 shares of the company’s stock, valued at $401,027.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.60% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on UPLD shares. ValuEngine lowered Upland Software from a “sell” rating to a “strong sell” rating in a research note on Friday, October 25th. Jefferies Financial Group reduced their target price on Upland Software from $61.00 to $49.00 and set a “buy” rating for the company in a research report on Friday, November 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Credit Suisse Group assumed coverage on shares of Upland Software in a research note on Wednesday, November 6th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, BidaskClub raised shares of Upland Software from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $50.67.

About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

Further Reading: Dead Cat Bounce

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Institutional Ownership by Quarter for Upland Software (NASDAQ:UPLD)

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